Richmond's affordable housing market benefits from Virginia Housing's robust LIHTC program, the city's Enterprise Zone incentives, and one of the largest concentrations of Opportunity Zones in the Mid-Atlantic.
These programs are available specifically to investors and developers in the Richmond, VA market.
Virginia Housing allocates one of the larger LIHTC pools in the Southeast, with Richmond receiving competitive allocations.
Learn moreState and local incentives including job creation grants and real property investment grants for developments in designated zones.
City-funded trust providing gap financing and incentives for affordable housing production.
25% state historic tax credit combinable with 20% federal HTC for qualifying rehabilitation projects.
Learn moreLow-Income Housing Tax Credits are the largest source of affordable housing financing in the U.S. In Virginia, credits are allocated by Virginia Housing.
Credits are allocated by Virginia Housing through their Qualified Allocation Plan (QAP), which outlines scoring criteria and priorities.
View Virginia Housing LIHTC ProgramVirginia's 25% historic tax credit is one of the most generous in the country
18 Opportunity Zones in emerging neighborhoods like Church Hill and Manchester
Affordable acquisition costs compared to Northern Virginia and DC
Strong rental demand from VCU, state government, and healthcare sector
FundNow Capital provides DSCR loans, bridge financing, and portfolio loans that complement government incentive programs in Richmond.
Qualify using Section 8 rental income — government-backed rents strengthen your DSCR ratio.
Learn moreShort-term financing to acquire and stabilize properties before permanent LIHTC or agency financing.
Learn moreFinance multiple properties in Richmond's Opportunity Zones under a single loan structure.
Learn moreTell us about your Richmond investment plans. We'll match you with the best financing options within 24 hours.